IF360 Webinar – Shariah Compliant E-wallet: Prospects & Challenges

About This Webinar

Shariah Compliant E-wallet: Prospects & Challenges

E-money/e-wallet offers a one-stop digital ecosystem platform which provides financial services, insurance, healthcare or travel services, and creates new jobs and enable the monetisation of payments services at a reduced cost compared to the traditional banks.

With advancements to mobile technology, e-money/e-wallet operators can utilise customer data to offer personalised products and services such as automatic bill payments, goods ordering, delivery services and various services customisation. Furthermore, they can also incorporate loyalty rewards and help customers track their spending patterns.

The Central Bank’s Guidelines on e-money/e-wallet contain provisions on safeguarding users’ funds, depending on the nature of the scheme. Hence, the main Central Bank’s regulatory objective is to promote the safety and soundness of e-money/e-wallet schemes. The Guidelines outline the broad principles and minimum standards to be observed by e-money/e-wallet issuers concerning the operation of e-money/e-wallet schemes.

 

On top of that, approved issuers of Shariah-compliant e-money/e-wallet are required to comply with sections 28(1) and (2) IFSA in issuing a Shariah-compliant e-money. Accordingly, all operations, businesses or activities of such approved issuers need to be Shariah compliant.

This webinar offers an opportunity for the participants to gain a better understanding of the recent developments of e-money/e-wallet as well as the legal framework and Shariah perspective of e-money/e-wallet. There will also be a panel discussion on the challenges faced by operators of e-money/e-wallet by industrial players.

Speakers

Prof. Dr. Ashraf Md Hashim

Dr. Marjan Muhammad

Dr. Tuan Badrul Hisyam Tuan Soh

En. Mohd Mokhairi bin Sitam

Safiudin Ahmad Fuad

28 October 2020 | Shariah Compliant E-wallet

AGENDA

28th Oct : Day 1
08:50 - 09:00

Registration

09:00 - 09:45

Overview of E-Money & E-Wallet and their Categories

  • Dr. Marjan Muhammad  

09:50 - 10:35

Legal & Regulatory Framework of E-Money/E-Wallet)

  • Dr. Tuan Badrul Hisyam Tuan Soh  

10:45 - 11:30

Shariah Perspective of E-wallet & Why Shariah-compliant E-Wallet?

  • Prof. Dr. Ashraf Md Hashim  

11:35 - 12:20

Panel Discussion: Issues & challenges faced by operators

  • Safiudin Ahmad Fuad   En. Mohd Mokhairi bin Sitam  

12:25 - 12:40

Wrap up

  • Prof. Dr. Ashraf Md Hashim  

Ticket Price

INDIVIDUAL

RM 50
  • Special Early Bird Discount: 20% (Normal Price RM 50)

Group

RM 120
  • at least 3 participants or more


Payment via;

Manual Payment

28 October 2020 | Shariah Compliant E-wallet

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